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my house is ALWAYS on the market. It's never been in MLS, but if someone wants to pay me ~ 110% of market value, it'll be theirs and soon.
some people see a house they'd move for, and put their house on the market hoping they can sell in time to buy the dream home. When the dream home goes under contract, they pull theirs off the market.
And then some humans are just plain mentally ill, and they do what you think they're doing.
some people see a house they'd move for, and put their house on the market hoping they can sell in time to buy the dream home.
I guess their acceptance of the buyer's offer would have to be conditioned on their own offer being accepted (Otherwise they might sell without actually buying anything) Do people do that?
I guess their acceptance of the buyer's offer would have to be conditioned on their own offer being accepted (Otherwise they might sell without actually buying anything) Do people do that?
Yes, people do that. Particularly if the offer is fat.
When they can afford to live elsewhere temporarily before buying.
Actually, plenty of people move out of the house to sell it, on their own terms, at their own pace.
my house is ALWAYS on the market. It's never been in MLS, but if someone wants to pay me ~ 110% of market value, it'll be theirs and soon.
some people see a house they'd move for, and put their house on the market hoping they can sell in time to buy the dream home. When the dream home goes under contract, they pull theirs off the market.
And then some humans are just plain mentally ill, and they do what you think they're doing.
I think this true for many people. For 110% of market value I don't think I'd consider moving. We love living where we are and our community. We are also not house poor - living above our means, which means we spend more ($) enjoying ourselves than just paying for our house (many people in our area are overextended). Now...if someone would offer me 150% of market value, I might consider it.
I bought a great house once where the listing history for the previous couple of years was to list it in the early summer, then pull it off the MLS at the start of autumn. The people who owned it only wanted to move into another house during the summer months. They used the same agent for each listing period, so I imagine he was very happy when they sold it to me (in June of that year.)
There are plenty of 'make me move" listings around.
ironically, house we now own, was MMM listed for 1.2m for 2 years. Our realtor sent the owner several letters of interest as we wanted it. No response.
Suddenly, owners placed it for sale for $940K and we made $870K offer on it same day. They agreed.
Go figure. House is currently, 2 yrs down the road, valued at 1.2m that we were willing to pay him 3 yrs ago.
Go figure.
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